It Good to be a Freelancer in the Philippines?

There is an abundance of world-class talent in the Philippines; however, the problem is that there are not enough commendable opportunities in the country to completely utilise individuals or compensate them fairly. As a result of widespread overwork and low pay, job seekers must take proactive measures to acquire dependable employment. On the other side, the freelance sector paints a different picture, one that includes advantages in a broad range of occupations, clients from across the globe who may pay a fortune, and most importantly,offer flexible work schedules.

People in the US, UK and Europe see workers in the Philippines as cheaper than in their home countries, this is battle that people in the Philippines face and need to over come. Yes, the cost of living is cheaper, but it is on the rise and they are looking at jobs overseas to compensate better than home based jobs. 

Online freelancing has emerged as one of the most popular ways for individuals to earn money from the comfort of their own homes as internet access becomes more widespread. And yet, the question remains. Should You Work as a Freelancer in the Philippines? Should one go with this course of action?

There has been an increase in both the availability of freelance employment and the number of freelancers in the Philippines from about 2020 to the present time. One factor for this increase might be the choice of freelancing employees who are familiar with the remote arrangement. As of June 2021, 

there were more than 1.5 million people in the Philippines who are participating in the gig economy. According to an article published by Golden Haven, the average Filipino freelancer puts in 32 hours of work each week, which, if multiplied by the usual monthly income, amounts at a rate of $6.10 per hour.

There are many advantages to freelancing on their own, but those advantages are amplified when you file your taxes with the Bureau of Internal Revenue (BIR). Everyone who has income, whether as a person or a business, is legally required to file tax returns with the BIR. Thus, you are rest assured that after registering, knowing that you’ve done your part as an honest independent contractor and a contributing member of the Philippines’ society.

Please share our hub with the world!